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The Verge reports: “ByteDance’s CEO has announced he’s stepping down from his role leading the company whose success with TikTok led it to become the world’s most valuable startup. Zhang Yiming, who co-founded ByteDance in 2012, will move to another position at the company, and fellow co-founder Liang Rubo will become the new CEO. Liang presently runs HR at ByteDance.”

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